HOOD
Robinhood Markets, Inc.
HOOD has the edge over XP overall, supported by stronger valuation and stronger fundamentals.
XP
XP Inc.
XP trails on the overall score without a compensating advantage in the available component scores.
HOOD Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
HOOD's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like HOOD.
XP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
XP's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like XP.
HOOD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 30x | $81.35 | — |
| Cheap | 37x | $78.84 | -3.1% |
| Current | 38x | $81.35 | — |
| Fair | 51x | $110 | +35% |
| Expensive | 74x | $160 | +96% |
Historical ranges are pointers, not guarantees.
HOOD's PE is in its cheap range at 38x. If earnings grow as analysts expect, today's price would be 30x next year's earnings.
XP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 8.3x | $15.04 | — |
| Cheap | 10x | $18.35 | +22% |
| Fair | 15x | $27.61 | +84% |
| Expensive | 59x | $106 | +606% |
Historical ranges are pointers, not guarantees.
XP has the edge over HOOD in the historical PE scenario, which offers more potential upside but is not a forecast.
HOOD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Low |
HOOD has the edge over XP on the outlook, with more favorable earnings and profitability expectations.
XP Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Stable | |
| Growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect XP's revenue to grow, with its earnings and profitability holding steady.
HOOD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.72 | +26% |
| Q3 2026 | $2.16 | -10% |
| Q2 2026 | $2.26 | +15% |
| Q1 2026 | $2.06 | +18% |
| Q4 2025 | $2.05 | +31% |
| Q3 2025 | $2.40 | +314% |
| Q2 2025 | $1.96 | +513% |
| Q1 2025 | $1.75 | +1150% |
| Q4 2024 | $1.56 | +$2.17 |
HOOD earned $2.16 per share over the past year, down 10% from the year before.
XP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $1.81 | +11% |
| Q1 2026 | $1.76 | +14% |
| Q4 2025 | $1.74 | +18% |
| Q3 2025 | $1.68 | +17% |
| Q2 2025 | $1.63 | +17% |
| Q1 2025 | $1.55 | +15% |
| Q4 2024 | $1.48 | +16% |
| Q3 2024 | $1.43 | +20% |
XP has the edge over HOOD on earnings, with more consistent year-over-year improvement.
HOOD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.4B | +12% |
| Q2 2026 | $1.3B | +32% |
| Q1 2026 | $1.1B | +15% |
| Q4 2025 | $1.3B | +27% |
| Q3 2025 | $1.3B | +100% |
| Q2 2025 | $989M | +45% |
| Q1 2025 | $927M | +50% |
| Q4 2024 | $1B | +115% |
HOOD has the edge over XP on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 44% | -5.9 points |
| Q2 2026 | 54% | +9.5 points |
| Q1 2026 | 39% | -1.5 points |
| Q4 2025 | 52% | -3.5 points |
| Q3 2025 | 50% | +26 points |
| Q2 2025 | 45% | +17 points |
| Q1 2025 | 40% | +14 points |
| Q4 2024 | 55% | +49 points |
HOOD has the edge over XP on profitability, with a higher operating margin.
XP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $894.2M | +14% |
| Q1 2026 | $826.4M | +6.9% |
| Q4 2025 | $906.4M | +6.5% |
| Q3 2025 | $822.2M | +5.5% |
| Q2 2025 | $784.5M | -6% |
| Q1 2025 | $773.3M | +3.3% |
| Q4 2024 | $850.9M | +16% |
| Q3 2024 | $779.6M | +1.3% |
XP's revenue has grown year over year for four quarters in a row: $894M last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 33% | -0.1 points |
| Q1 2026 | 31% | -2.3 points |
| Q4 2025 | 33% | -0.5 points |
| Q3 2025 | 31% | -0.7 points |
| Q2 2025 | 33% | -2.9 points |
| Q1 2025 | 33% | +1.7 points |
| Q4 2024 | 33% | +3.5 points |
| Q3 2024 | 32% | +0.8 points |
XP's operating margin was 33% last quarter, about level with the same quarter a year ago.
HOOD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.2B | +$2.8B |
| Q2 2026 | $720M | -79% |
| Q1 2026 | $2B | +217% |
| Q4 2025 | -$937M | +$463M |
| Q3 2025 | -$1.6B | -187% |
| Q2 2025 | $3.5B | +6398% |
| Q1 2025 | $642M | +$1.3B |
| Q4 2024 | -$1.4B | -246% |
HOOD's free cash flow was $3B over the past year, up 159% from the year before. Free cash flow isn't a meaningful measure for financial services companies like HOOD.
XP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $2B | +139% |
| Q1 2026 | $124.3M | +$599.5M |
| Q4 2025 | -$437.1M | -164% |
| Q3 2025 | $2.2B | +166% |
| Q2 2025 | $832.5M | -22% |
| Q1 2025 | -$475.2M | +$132.3M |
| Q4 2024 | $679M | -9.3% |
| Q3 2024 | $818M | +$1.1B |
XP's free cash flow was $3.9B over the past year, up 108% from the year before. Free cash flow isn't a meaningful measure for financial services companies like XP.
HOOD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -1M shares |
| 1 year | -0.8% | -6.9M shares |
| 3 years | +1.8% | +15.9M shares |
| 5 years | +292% | +679M shares |
| Available history | +7.2% | +60.8M shares |
HOOD has 911M diluted shares, down 0.8% from a year ago, with $789M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $25M |
| Q2 2026 | $414M |
| Q1 2026 | $250M |
| Q4 2025 | $100M |
| Q3 2025 | $107M |
| Q2 2025 | $124M |
| Q1 2025 | $322M |
| Q4 2024 | $160M |
HOOD spent $789M buying back its own shares over the past year, up 11% from the year before.
XP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -4.8M shares |
| 1 year | -2.8% | -15.3M shares |
| 3 years | -2.1% | -11M shares |
| 5 years | -9% | -51.7M shares |
| Available history | -5.7% | -31.3M shares |
XP has the edge over HOOD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $147.6M |
| Q1 2026 | $34.7M |
| Q4 2025 | $152.6M |
| Q3 2025 | $23.9M |
| Q2 2025 | $74.7M |
| Q1 2025 | $89.1M |
| Q4 2024 | $18.8M |
| Q3 2024 | — |
XP spent $359M buying back its own shares over the past year, up 96% from the year before.
HOOD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.3x | Net Cash |
| Q2 2026 | -2.1x | Net Cash |
| Q1 2026 | -2.2x | Net Cash |
| Q4 2025 | -1.9x | Net Cash |
| Q3 2025 | -2.1x | Net Cash |
| Q2 2025 | -2.6x | Net Cash |
| Q1 2025 | -3.3x | Net Cash |
| Q4 2024 | -3.8x | Net Cash |
HOOD has the edge over XP on leverage, with a lower net debt burden relative to earnings.
XP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 12.9x | High |
| Q1 2026 | 12.8x | High |
| Q4 2025 | 11.9x | High |
| Q3 2025 | 9.7x | High |
| Q2 2025 | 10.2x | High |
| Q1 2025 | 8.4x | High |
| Q4 2024 | 17.6x | High |
| Q3 2024 | 8.0x | High |
XP's net debt is about 13 years of its operating earnings (EBITDA), up from 10 years a year ago. Net leverage isn't a meaningful measure for financial services companies like XP.
HOOD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.8 | Neutral |
| Stochastic | 9.5 | Oversold |
HOOD's weekly RSI is 41 (neutral) and its Stochastic is 10 (oversold).
XP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.4 | Neutral |
| Stochastic | 5.5 | Oversold |
XP's weekly RSI is 42 (neutral) and its Stochastic is 6 (oversold).
HOOD PE vs Financial Services Sector
| Metric | HOOD | Sector median | Relative |
|---|---|---|---|
| PE | 38x | 13x | 189% above |
| PE % | 22 | 66 | 44 pts below |
HOOD is trading at 38x earnings, a 189% premium to the Financial Services sector's median of 13x.
XP PE vs Financial Services Sector
| Metric | XP | Sector median | Relative |
|---|---|---|---|
| PE | 8.3x | 13x | 36% below |
| PE % | 2 | 63 | 61 pts below |
XP has the edge over HOOD on valuation relative to its sector.
HOOD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $97.8 | 17% below |
| 20 week MA | $102.2 | 20% below |
| 50 week MA | $95.4 | 15% below |
| 100 week MA | $88.5 | 8.1% below |
| 200 week MA | $52.1 | 56% above |
HOOD has the edge over XP on trend strength, trading above more of its moving averages.
XP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $22.3 | 33% below |
| 20 week MA | $19.4 | 22% below |
| 50 week MA | $18.7 | 19% below |
| 100 week MA | $17.6 | 14% below |
| 200 week MA | $18.8 | 20% below |
XP is in a downtrend: it's below all five of its weekly moving averages, and 20% below its 200-week average.
HOOD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $35.2 | $18.9 | -46% |
| 2022 | $18.9 | $7.95 | -58% |
| 2023 | $7.95 | $12.7 | +60% |
| 2024 | $12.7 | $39.0 | +206% |
| 2025 | $39.0 | $118.1 | +203% |
| 2026 YTD | $118.1 | $81.4 | -31% |
HOOD's yearly returns have swung widely, from +206% in 2024 to −58% in 2022. It's down 31% so far in 2026.
XP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2019 | $37.7 | $38.5 | +2.1% |
| 2020 | $38.5 | $41.4 | +7.4% |
| 2021 | $41.4 | $29.8 | -28% |
| 2022 | $29.8 | $15.5 | -48% |
| 2023 | $15.5 | $26.1 | +68% |
| 2024 | $26.1 | $12.1 | -54% |
| 2025 | $12.1 | $16.4 | +36% |
| 2026 YTD | $16.4 | $15.0 | -8.5% |
XP has the edge over HOOD on returns for 2026, with the stronger performance.